A Study on How the Happiness Index Compares to Economic Growth of Any Country and How That Affects the Quality of Life

Abstract

This study aims to investigate how the happiness index, gross domestic product (GDP), and quality of life are connected in various countries worldwide. The goal is to understand the relationships among these factors and how they contribute to the well-being of people on a global scale. The aim of this study was to explore how the happiness index, gross domestic product (GDP), and quality of life are interconnected in fifteen nations, utilizing the 2019 happiness index ranking as a basis. To achieve this, relevant data on the quality of life and GDP of these countries were extracted from computer databases using specific keywords. Subsequently, the collected data were analyzed through descriptive statistics to summarize and assess the relationships and patterns among the happiness index, GDP, and quality of life in the selected nations.

Nations with the highest and moderately high happiness index experienced a significantly better quality of life compared to those with the lowest happiness index. The nations with a moderate happiness index had a far higher GDP ranking than those with the highest and lowest happiness indices, respectively. The happiness of a nation is highly dependent on the caliber of its citizens. Even countries with the greatest GDP have poor happiness rankings. Hence, it is advisable for the government to allocate more resources towards the well-being of the population in the interest of the nation.